FAQs

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Tell me more about SWP functionality.

Systematic withdrawal plans are used by investors to create a regular flow of income from their investments. Investors looking for income at periodic intervals for e.g. funding a travel plan during the children’s summer vacations, also set up their withdrawals in such a way that the cash is available when most required.

For an STP you can invest a lump sum amount in one scheme and regularly withdraw a pre-defined amount into another scheme.

Let us assume you have 5,000 units in a Mutual Fund scheme. You have given instructions to the fund house that you want to withdraw Rs. 8,000 every month through SWP.

Which schemes of Quantum Mutual Fund offer the SWP facility?

You can start SWP, through Direct & Regular Plans for the following schemes:

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Quantum Long Term Equity Fund

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Quantum Liquid Fund

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Quantum Tax Saving Fund

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Quantum Equity Fund of Funds

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Quantum Gold Savings Fund

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Quantum Multi Asset Fund

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Quantum Dynamic Bond Fund

Are there any charges for online SWP?

The Online SWP facility is available at NO CHARGE.

However, in case you are opting to do SWP from Quantum Long Term Equity Fund, Quantum Equity Fund of Funds, Quantum Gold Savings Fund and Quantum Multi Asset Fund then kindly make a note of the applicable exit loads for the scheme.

Do I need to have a minimum balance in the scheme to start SWP?

Yes, to start a SWP you must have a minimum balance of Rs.5,000/- in the scheme you wish to invest from.

What is Systematic Withdrawal Plan (SWP)?

A Systematic Withdrawal Plan (SWP) is a facility that allows an investor to withdraw money from an existing mutual fund at predetermined intervals. The money withdrawn through a systematic withdrawal plan can be reinvested in another fund or retained by the investor in cash.

When does the SWP get activated?

SWP instructions will take 10 business days for registration with the registrar. The first withdrawal will be carried out only after the registration.

How will I know that my Online SWP registration has been carried out?

You will receive a confirmation email with the details of your Online SWP after successfully completing the registration process on our website.

You can also check the status of your registration under the section ''STP/SWP Cancellation''.

How do I apply for a Systematic Withdrawl Plan (SWP) online?

Currently only an existing investor with Quantum Mutual Fund who has a username and password for the Invest Online section can invest in SWP through our online SWP option.

1

Visit www.QuantumAMC.com.

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Click on Invest Online section and log in using your username and password.

3

Under ''Transactions'' click on ''SWP Registration'', enter your PIN and follow the instructions which will guide you through the entire process.

4

Fill the Online SWP registration form and confirm your details.

Can I cancel or modify my Online SWP? If so, how?

Yes, you can cancel your online SWP. If you wish to cancel the existing SWP registered with us, you can do so by following the below mentioned procedure:

Click on the option of ‘Cancel’ to the right side of the individual SWP registered.

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Click on the option ‘Confirm’ on the cancellation confirmation page.

Kindly note that, you need to submit the online SWP cancellation request 10 business days prior to the next SWP date opted by you online.

You cannot modify the SWP after registering on our website since SWP is a commercial transaction. Hence, you will need to first cancel your existing SWP with the cancellation procedure given above. Subsequently, you can register for fresh SWP online.

Why should I invest through SWP?

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You can invest lump sum and get a fixed payout at fixed intervals which works like monthly income i.e. it allows the account holders to access their money at regular intervals.

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SWP is tax efficient for an investor who likes to save on dividend distribution tax.

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Convenience and Liquidity

SWP is redemption from a scheme, so tax provisions apply accordingly.

What is the minimum application amount, minimum no. of installments required and frequency of dates available under each scheme?

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